Kalana Ispat Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹66 - ₹66
- Lot size
- 2,000 shares
- Issue amount
- ₹32.59 cr
- Total subscription
- 57.67×
- Opens
- 19 Sept 2024
- Closes
- 23 Sept 2024
- Allotment
- 24 Sept 2024
- Listing
- 26 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 49,38,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,32,000
- Fresh issue
- ₹32.59 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,32,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 81,01,185
- Shares after issue
- 1,30,41,985
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,32,000 |
| HNI | 2 | 4,000 | ₹2,64,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 15.48 | 1,153.72 |
| NIB | 15.47 | 631.41 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.03 | 5.03 | 1.55 |
| ROE | 31.12 | 12.07 | 4.02 |
| ROCE | 21.2 | 8.33 | 6.31 |
| RONW | 21.88 | 11.39 | 3.51 |
| PRE IPO(PE) | 22.59 | 0 | 0 |
| POST IPO(PE) | 36.37 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Kalana Ispat Limited, established in October 2012, specializes in manufacturing M.S. Billets and Alloy Steel Billets in various grades. The company operates in two segments—product sales and services—supported by an ISO 2830:2012-certified facility with a 38,000 MT annual production capacity. Known for its innovation-driven approach and scalable operations, Kalana Ispat has a strong track record of profitable growth. Backed by experienced promoters, dedicated employees, and solid customer relationships, the company efficiently manages production with a core team of three key management personnel (KMPs), 15 employees, and additional temporary manpower as needed.
Strengths
- Innovation at the Core: Afcons embraces innovation to stay ahead of the competition and adapt to changing market needs.
- Growth-Ready Operations: Its scalable business model supports steady and profitable expansion.
- Trusted Industry Leader: With a strong track record of success, Afcons has built a reputation for reliability and excellence.
Risk factors
- Legal Challenges: Afcons, along with its promoters and group companies, is involved in various legal cases. Any unfavorable rulings could impact its reputation and financial health.
- Approval & Licensing Risks: Delays or issues in obtaining necessary permits and licenses could slow down business operations.
- Regulatory Compliance: Not meeting safety, health, environmental, or labor standards could negatively affect Afcons' business and financial stability.
Promoters
Mr. Aftabhusen S Khandwawala
Mr. Varghese Joseph Pottakerry
Mr. Gurubaxsing Jamiatsing Bagga
Mr. Sadik Nannabhai Qureshi.
Registrar & documents
Lead manager
Jawa Capital Services Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
504, Ashwamegh Avnue, 5th Floor, Nr Mithakhali Underbridge, Mithakhali, Ahmedabad,-380009
+91-81418 48159
[email protected]Company website ↗Understanding KALANA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.